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Greek Prime Minister Informs President About His Meeting with Erdogan

Nicos Anastasiades: Cyprus to Resort to The ICJ to Protect Its Sovereign Rights

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Citizenship for Sale

 

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Cyprus

Cyprus

A residency permit may be granted to non-EU citizens who:


•    Purchase real estate worth in excess of €300,000,


•    Make a direct investment of €5 million into businesses or properties,


•    Deposit €5 million into the country's banks (in which case immediate citizenship is given),


•    Have lost in excess of €3 million from their bank deposits in the bail-in, provided they also have permanent residency in the country, worth at least €500,000.


Since the implementation of the scheme in early 2013, 691 permits have been granted, to people of 25 nationalities.

 

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